Financial Auditors - Accountants

Financial auditors execute some or all of the following duties:

• Examine and analyze periodical and ledger entries, bank statements, inventories, expenditures, tax returns and further accounting and financial records, documents and systems of an entity, department, company or other establishment to make sure financial recording correctness and conformity with established accounting principles, procedures and internal controls.
  
  
• They set up detailed reports on audit findings and formulate recommendations to develop individual or establishment's accounting and management practices.
  
  
• Perform field audits of corporation to make certain the compliance with provisions of the Income Tax Act, Canadian Business Corporations Act or other constitutional requirements.
  They may manage other auditors or professionals in charge of accounting inside client's establishment.

2. Accountants carry out some or all of the following duties:

• Plan, arrangement and administer accounting systems and organize financial information for an entity, department, company or other establishment.
  
  
• Look at accounting records and arrange financial statements and reports.
  
  
• Develop and keep cost finding, reporting and internal control procedures.


• Look at financial accounts and records and organize income tax returns from accounting records.
  
  
• Examine financial statements and reports and give financial, business and tax advice Might act as a trustee in insolvency proceedings.
  
  
• May oversee and train articling students, other accountants or secretarial technicians.